Jonathan Watts: In China’s richest village, peasants are all shareholders now – by order of the party

From the Guardian:

Elsewhere in the country, the annual average disposable income of urban dwellers only recently passed $1,000 (about ¬£530). In the countryside, the figure is two thirds lower. But Huaxi’s residents get a yearly salary of $1,500, a bonus of $10,000 and dividends of $25,000.

Twenty years ago, most were farmers living in small, one-storey houses, who struggled to save the money to buy a bicycle. Now, they are shareholders with an average living space of more than 450 square metres and at least one family car.

Such impressive statistics mean Huaxi is now held up as a model in a nationwide re-education campaign for Communist party cadres.

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